earnings
confidence high
sentiment negative
materiality 0.75
Vicor Q1 revenue $88.3M (-0.6% YoY); EPS $0.11 vs $0.34 YoY; gross margin drops
VICOR CORP
2022-Q1 EPS reported
$0.11
revenue$88,282,000
- Revenue $88.3M, down 0.6% YoY; net income $5.0M ($0.11 diluted EPS) vs $15.1M ($0.34) YoY.
- Gross margin 42.6% vs 50.3% YoY, attributed to component shortages and capacity constraints.
- Book-to-bill well above 1; one-year backlog increased ~23% sequentially from prior quarter.
- Capex $22.7M (vs $9.3M YoY) for ChiP foundry; initial operations expected to start in Q3 2022.
- Cash and short-term investments $211.1M, down 7.3% sequentially from $227.6M.